21 Hrs
Source:
New York Post
Hollywood report shows US production drop
The US film and television industry has experienced a significant decline over the past 25 years, with domestic production share dropping from 74% to 42% for films and from 94% to 64% for TV. Major studio spending has increased, but the US’s proportion of global productions has decreased, especially for high-budget films, which have increasingly gone overseas. Industry advocates support extending federal incentives to combat this trend, which they say could boost domestic spending and counter competition from countries like Canada and the UK.
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